short on cashflow

The Real Golden Rule

May 29, 2010 | Author: Fred | Filed under: Investing Basics

What is the golden rule? Do unto others as you would have them do onto you? That is a golden rule but not THE golden rule when it comes to money.

The golden rule is that he who owns the gold makes the rules!

“The top .1% of taxpayers in the US, people who make more than 1.8 million annually receive $82,000 in tax returns while Americans earning between $27,000 and $47,000 get a $20 return.”

– May 11, 2006 ABC News

The more money you have the better accountants you can hire and the more financial knowledge you have the less you pay in taxes.

That’s nothing really compared to recent Wall Street bailouts by the US Government and equivalent European bailouts bank bailouts by the Central European Bank. The large powerful  financial corporations should have failed because of careless investing but instead they were given money by the government. How many small businesses and average citizens received money, zero. Meanwhile the public is outraged as the managing officers of these companies are paid millions in bonuses.

It’s always been that way throughout history and will probably always be that way. Those who have money also have the power and influence and can control or greatly influence  government policy and action. Politicians need to return favors.

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